Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $92,700. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $17,300 cash. Diaz sold the machine for $34,100 cash. Diaz sold the machine for $40,400 cash. Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Dafe General Journal January 01 Debft